HOW TO SAVE MONEY

How to Save Money - You can save money in all sorts of ways. You can put cash in a safe. You can simply mentally categorize a certain amount of money in your checking account as “savings.” But it’s crucial to put savings in an account created specifically for that purpose. It’s safest there, it’s a good place for an emergency fund and provides you with the ability to buy something expensive. Plus it’s earning a little interest.

You can open a traditional savings account at your bank. Or you can open a savings investment account online — and probably end up earning much more interest compared to your regular run of the mill savings account.

That all sounds kind of…boring, right? And, you know what, it is kind of boring. But in personal finance, the boring stuff allows you to do exciting stuff. What saving a little money and keeping it handy allows you to do in the long term — like have more fun and, you know, provide for your family— isn’t boring at all. Now that you know where to start, here’s how to get some money from your pocket into that savings account.

Install How to Save Money app and start now.